Academic Catalog

Economics Classes

Principles of Economics

Item Number
ECON 101
Credits
5

An overview of both micro and macroeconomics. Topics include organization and operation of the U.S. economy, including unemployment, inflation, and GDP issues; fiscal and monetary policies; supply and demand; market structures; determination of prices in a market economy; and income distribution. 

Prerequisites

Appropriate COMPASS placement score or successful completion of MAT 099.

Microeconomics

Item Number
ECON& 201
Credits
5

Study of scarcity; the allocation of resources; supply and demand; production; market structures; determination of output and prices with emphasis on a market economy; labor and capital markets; role of government in a market economy; comparative advantage; international trade; and distribution of income. 

Prerequisites

Appropriate COMPASS placement score or successful completion of MAT 099.

Macroeconomics

Item Number
ECON& 202
Credits
5

Study of the organization and operation of the U.S. economy, including unemployment, inflation and GDP issues; the business cycle and long-run growth; national income accounting; aggregate supply and aggregate demand; government spending, taxation, and budget deficit/surplus; fiscal policy; the monetary system and the Federal Reserve Banking System; monetary policy; interest rates; and international trade. 

Prerequisites

Appropriate COMPASS placement score or successful completion of MAT 099.

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